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Railways Take Measures to Prevent Misuse of ‘Tatkal’ Scheme

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Ministry of Railways

Railways Take Measures to Prevent Misuse of ‘Tatkal’ Scheme

In order to prevent misuse of ‘Tatkal’ Scheme of reserving train tickets, Indian Railways have taken following measures:-

    With a view to reduce the chances of misuse of e-ticketing facility by IRCTC agent, Indian Railways has decided to stop Quick Book Option and cash card booking between 8 AM to 9 AM. Further, individual users are permitted to book only two tickets between 8 AM to 9 AM.

    Access to ‘Tatkal’ booking to the agents booking through internet has been denied during the opening hours of reservation in the morning between 8 AM to 9 AM.

    The provision of carrying one of the eight prescribed identity cards by any one of the passengers booked on ‘Tatkal’ ticket, introduced from 11th February 2011 to prevent transfer of ‘Tatkal’ tickets.

CBDT Makes Discussion Paper on Tax Accounting Standards Public

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Ministry of Finance

CBDT Makes Discussion Paper on Tax Accounting Standards Public

The Central Board of Direct Taxes (CBDT) has made public the discussion paper on accounting standards, to be known as Tax Accounting Standards (TAS), for feedback from all concerned.  The discussion paper is available on the following web-sites:

finmin.nic.in ;   incometaxindia.gov.in  ;  www.irsofficersonline.gov.in

The proposed TAS, while enabling smooth transition to International Financial Reporting Standards (IFRS), will provide certainty on accounting issues for tax purposes as it removes alternatives and will cover all tax accounting issues.

The TAS, applicable only to computation of taxable income under the Income Tax Act 1961, will be different from accounting standards issued by the Institute of Chartered Accountants of India (ICAI) and notified by the Ministry of Corporate Affairs under the Companies Act 1956. However, separate books of account are not required to be maintained under TAS, thus reducing compliance burden on businesses.

Revised pay limits for entitlement of School Pass, School Card Pass and Residential Card Pass

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No.E(W) 2008/PS 5-1/38

New Delhi, dated 13.10.2011

The General Managers,
All Zonal Railways & Production Units, etc.

Sub: Revised pay limits for entitlement of School Pass, School Card Pass and Residential Card Pass.

       Consequent upon revision of Pay Scales on the basis of decision of the Government on the  of 6th Central Pay Commission, the question of revision of existing entitlement ‘School Pass’, School Card Pass’ and ‘Residential Card Pass' under the Railway Servants (Pass) Rules,1986 (Second Edition, 1993) has been under Consideration of this Ministry.

2.     The matter has been examined and in exercise of the powers conferred by the proviso to Article 309 of the Constitution, the President Is pleased to direct that the pay limits for entitlement to 'School Pass’, ‘School Card Pass’ and ‘Residential Card Pass’ be revised as per Advance Correction Slip No. 69 attached.

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